Beacon Chain block 165300

Hash

cb51dbc14e0770a7e5cda39bec84f6ecf90e9ae04c8439cd1779fb8b68a516e72...

06 Dec 2022 04:06:35 UTC (2 years ago)

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The Beacon Chain is a key component of the Ethereum 2.0 upgrade, which introduces proof-of-stake to the network, fundamentally changing the consensus mechanism from proof-of-work to a more energy-efficient system. It acts as the central coordination and consensus layer, managing the network of validators, their stakes, and providing the backbone for shard chains to ensure scalability and security for the entire Ethereum ecosystem.